Indian Economic Development

Economic Reforms (1991)

Easy

________ specify the quantity of goods which can be imported.

Tariffs

Export duties

Quotas

Goods and Service Tax

✅ Correct Option: 3

Quotas are quantitative restrictions that specify the maximum quantity of goods that can be imported during a given period. Tariffs are taxes on imports but do not limit quantity directly. Export duties are levied on exports. GST is a domestic consumption tax. Only quotas directly specify the quantity of imports allowed.

2026: 15 May Shift 1

______________ attempts to establish links in such a way that the happenings in India can be influenced miles away, resulting a borderless world.

2026: 6 June Shift 1

Arrange the following in chronological order (oldest to latest)

(A) WTO

(B) GATT

(D) GST in India

Choose the correct answer from the options given below:

2026: 13 May Shift 2

Which is NOT an example of public enterprise with their status as 'Miniratnas'?

2023: 1 June Shift 1

Arrange the following in Chronological sequence :

(A) Economic reforms in India

(B) Green revolution in India

(D) Independence of India

Choose the correct answer from the options given below :

2023: 11 June Shift 3

Match List - I with List - II.

List - I	List - II
(A) Maharatna	(I) Airports Authority of India
(B) Navratna	(II) Steel Authority of India Limited
(C) Miniratna	(III) Voice-based business processes
(D) Outsourcing	(IV) Mahanagar Telephone Nigam Limited

Choose the correct answer from the options given below :

2026: 12 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Multilateral trade agreements	(I) Outsourcing
(B) Liberalization	(II) Disinvestment
(C) Globalization	(III) WTO
(D) Privatization	(IV) FDI

Choose the correct answer from the options given below:

________ specify the quantity of goods which can be imported.

Solution

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